NATURSTEIN AS
Score · fiscal year 2025
23of 100
How to read this: the company is ahead of 10 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 6,695 of 7,418 · What are Morning company classes?
Place in the whole sector: 20,601 of 23,065 · Handel
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 5 and solidity 13 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
NATURSTEIN AS is 28 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 7,418 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin −6.9% (median 3.4%) and equity ratio 7.3% (median 36.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 10 MNOK | 20 MNOK |
| Operating margin | −6.9% | 3.4% |
| Profit margin | −7.8% | 3.0% |
| Return on assets | −21.9% | 10.0% |
| Equity ratio | 7.3% | 36.3% |
| Debt-to-equity | 12.65 | 1.52 |
| Current ratio | 1.03 | 1.73 |
| Revenue growth | 35.7% | 5.7% |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 23, NATURSTEIN AS does better than 10% of companies in the Morning class Small in the same sector (7,418 companies) in 2025.
Score 2023–2025
- NATURSTEIN AS
- Median: companies in the Morning class Small in the same sector
NATURSTEIN AS has a score of 23 for 2025, rank 20,601 of 23,065 in the sector.
Strongest: Growth: percentile 87 against peers, revenue growth 35.7% against a median of 5.7%.
Weakest: Profitability: percentile 5 against peers, operating margin −6.9% against a median of 3.4%. Solidity: percentile 13 against peers, equity ratio 7.3% against a median of 36.3%.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 7.3% (median 36.3%).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −7.8% (median 3.0%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −6.9% (median 3.4%).
- What lies behind weak profitability, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
NATURSTEIN AS had an operating margin of −6.9% and an equity ratio of 7.3% in 2025, and ranks 20,601 of 23,065 in Handel.
From 2024 to 2025: revenue grew by 36% and the equity ratio fell from 23.0% to 7.3%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 0 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 0 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 7.3% (median 36.3%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −7.8% (median 3.0%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −6.9% (median 3.4%).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 35.7% (median 5.7%); Current ratio 1.03 (median 1.73).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.1% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 5 | weight 30% |
|---|---|---|
| Solidity | 13 | weight 25% |
| Liquidity | 15 | weight 15% |
| Growth | 87 | weight 15% |
| Consistency | 17 | weight 15% |
Durability: 34 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is NATURSTEIN AS?
The operating margin was −6.9% in 2025, against a median of 3.4% among companies in the Morning class Small in the same sector. Return on assets was −21.9%. The company made a loss before tax.
How solid is NATURSTEIN AS?
The equity ratio was 7.3% in 2025 (median 36.3%). Debt-to-equity was 12.65 (median 1.52).
What is the liquidity of NATURSTEIN AS like?
The current ratio was 1.03 in 2025 (median 1.73).
How does NATURSTEIN AS compare in Handel?
NATURSTEIN AS ranks 20,601 of 23,065 in Handel for 2025. Among companies in the Morning class Small it is number 6,695 of 7,418. Revenue changed by 35.7% from the year before.
From the Central Coordinating Register
- Org. no.
- 819469962
- Legal form
- AS
- Sector
- Handel (47.520)
- Morning company class
- Small
- Employees
- 0–4 (not registered)
- Founded
- 8 August 2017 9 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Nordre Ålsvegen 18, 2770 JAREN (GRAN)
- Municipality
- Gran rank 19–33 of 38 in KOSTRA group 7
- Latest accounts filed
- 2025
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Gudbrand Molden
- Chair of the board
- Alexander Venåshagen
- Board member
- Gudbrand Molden
- Board member
- Christian Rief
- Auditor
- INTER REVISOR AS
- Accountant
- FRISIKT VEST AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 52 | 29 | 23 | |
| Rank | 10,067 | 18,567 | 20,601 | |
| Operating margin | 5.6% | −2.6% | −6.9% | |
| Return on assets | 11.4% | −4.3% | −21.9% | |
| Equity ratio | 31.7% | 23.0% | 7.3% | |
| Current ratio | 1.46 | 1.23 | 1.03 | |
| Revenue growth | – | −13.5% | 35.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 8.8 MNOK | 7.6 MNOK | 10.3 MNOK |
| Operating profit | 0.5 MNOK | −0.2 MNOK | −0.7 MNOK |
| Profit before tax | 0.4 MNOK | −0.3 MNOK | −0.8 MNOK |
| Net profit | 0.3 MNOK | −0.3 MNOK | −0.8 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 4.3 MNOK | 4.6 MNOK | 3.3 MNOK |
| Current assets | 2.9 MNOK | 3.2 MNOK | 3.1 MNOK |
| Equity | 1.4 MNOK | 1.0 MNOK | 0.2 MNOK |
| Retained earnings | 1.3 MNOK | 1.0 MNOK | 0.2 MNOK |
| Total liabilities | 2.9 MNOK | 3.5 MNOK | 3.0 MNOK |
| Current liabilities | 2.0 MNOK | 2.6 MNOK | 3.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7208190.
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